Singapore Non-Oil Domestic Exports Surge 38.4%
Singapore’s non-oil domestic export growth quickened sharply in May, data from Enterprise Singapore showed Wednesday.
Non-oil domestic exports grew 38.4 percent year-over-year in April, much faster than the 24.4 percent rise in the previous month. Economists were looking for a growth of 30.0 percent.
Exports of electronic products grew 94.8 percent in May from last year, driven by robust AI-related demand. Exports of disk media products jumped 227.8 percent, and those of ICs and PCs climbed by 80.9 percent and 140.9 percent, respectively.
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